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Possession
Possession contract clause examples

Possession. If Lessor is unable to deliver possession of the premises at the commencement hereof, Lessor shall not be liable for any damage caused thereby, nor shall this lease be void or voidable, but Lessee shall not be liable for any rent until possession is delivered. Lessee may terminate this lease if possession is not delivered within 30 days of the commencement of the term hereof.

Possession. If Lessor is unable to deliver possession of the premises at the commencement hereof, Lessor shall not be liable for any damage caused thereby, nor shall this lease be void or voidable, but Lessee shall not be liable for any rent until possession is delivered. Lessee may terminate this lease if possession is not delivered within 30 days of the commencement of the term hereof.

Possession. Tenant’s taking of possession of the Expansion Space shall constitute Tenant’s acknowledgment that the Expansion Space is in good condition and that all work and materials are satisfactory, except as to any defect or incomplete work that is described in a written notice given by Tenant to Landlord not later than the day Tenant takes possession of the Expansion Space. Tenant and its agents shall have no right to make any Alteration in the Expansion Space until Tenant submits such written notice. Landlord will correct and complete those defects and incomplete items described in such notice which Landlord confirms are in fact defects or incomplete items. At Landlord’s request, Tenant shall accompany Landlord to prepare the punch list on or before the date Tenant takes possession of the Expansion Space.

Possession. Full and exclusive possession of the Property, subject to the Permitted Exceptions and the rights of the Tenant under the Lease, shall be delivered by Seller to Purchaser on the Closing Date.

Possession. Except pursuant to the Permitted Exceptions, Tenant Leases, and Facility Contracts, no Person other than Seller has any license, lease or other right pursuant to an agreement signed by or on behalf of Seller or Seller’s property manager relating to the use or possession of the Property or any part thereof.

Possession. Seller shall deliver possession of the applicable Real Property to Buyer, subject to the Leases and rights of tenants thereunder.

POSSESSION. Landlord shall not be liable for any loss or damage to Tenant resulting from any delay in delivering possession of the Premises due to circumstances outside of Landlord’s reasonable control. Notwithstanding the foregoing, if the Landlord Work Substantial Completion Date and delivery of possession of the Premises to Tenant is not achieved on or before October 21, 2022, as such date shall be extended for Excusable Delays (as defined below) (such date, as extended, the “First Penalty Date”), then Tenant shall receive a credit, which credit shall be applied against Base Rent next due and owing under the Lease, of one day’s Base Rent for each day after the First Penalty Date until the earlier of # the date

Possession. Seller shall deliver possession of the Properties to Purchaser at the Closing, subject only to the Permitted Encumbrances, in the same condition as on [[Seller:Organization]], reasonable wear and tear, casualty and condemnation excepted subject to the terms of this Agreement.

Possession. Seller shall deliver possession of the Property, subject to the Leases and the rights of the tenants and Permitted Exceptions, to Buyer or Buyer’s designee at the Closing. Seller shall also arrange for delivery to the offices of Buyer or at the Property of the following items to the extent in Seller’s or Seller’s property manager’s possession, or readily available to Seller or Seller’s property manager: the original documents assigned to Buyer pursuant to the Assignment of Leases and Assignment of Contracts, as well as complete copies or originals of all books and records, keys and other items pertaining to the Property, including, but not limited to, all Leases, licenses and permits, plans, Accepted Property Contracts, passcodes, passwords, combinations, and usernames. Seller shall cooperate with Buyer after Closing to transfer to Buyer any such information stored electronically, and to provide such other items pertaining to the Property as Buyer shall reasonably determine are necessary or desirable to operate the Property. The obligations of Seller under this Section 5.6 shall survive Closing.

Possession. Seller shall deliver possession of the Property to Purchaser at the Closing, subject to the Leases.

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